Chile has the most interconnected web economy in Latin America, according to a study by the World Economic Forum (WEF), which also highlights that this characteristic fosters countries’ development and financial growth.

On a global level the country comes in 40th in a list led by Sweden, Singapore and Denmark, followed by Switzerland and the United States.

The report, which includes 133 countries that total 98% of world GDP, highlights the general improvements in Latin America and the Caribbean, though there are still only four countries in the region that manage to rank among the top 50, with Barbados standing out in 35th place. Puerto Rico and Costa Rica follow below, in 45th and 49th place, respectively.

For its part, the South American giant Brazil comes in 61st place, thanks in part to its high telephone rates, among other things, while Uruguay managed to climb 8 places compared to last year, coming in 57th thanks to the “clear government vision” on the importance of ICTs, the WEF report states.

According to the institution’s economist Irene Mia, the success in this area is because leading economies have implemented “a long-term perspective established by governments and the private sector, in addition to education, innovation and access to ICTs and their dissemination.”

In this context, the Chilean financial system and economy continue to receive praise and perform well internationally. The country has been recognized for its solid macroeconomic condition, which allowed it to face the recently concluded economic crisis. In addition, it has the surpluses to guarantee swift and effective action to overcome the effects of the mega-earthquake last 27 February.